Investment Overview

7361 Claremont Avenue is currently lender owned having been taken back by the lender in January of 2025 via. Foreclosure. The property sits on the Berkeley / Oakland Border and per property records is a legal four-unit investment property with a net rentable 4,742 square feet. The property has been Ellis Acted by the prior owner with a “Notice Of Intent To Withdraw Rental Units From Rental Market” recorded March 22nd, 2022. This limits the rental possibilities on the open market through March 22nd, 2027 and makes the property ideal for an owner user, or creative investor looking to convert the property to a family compound or single family home. The current multifamily building configuration contains two one-bedroom/one-bathroom, one one-bedroom+den/one-bathroom, and one four-bedroom/two-bathroom unit on a 0.15-acre parcel. The property is currently 100% vacant and ready for a new investor to put their personalized touches on the property prior to move in. All units are separately metered for PG&E and has one master water meter. There are also two enclosed parking garages that may provide additional income. 7361 Claremont Avenue is in a fantastic location on the Panoramic Hill, Claremont border located directly behind the Claremont Hotel in Oakland, CA and the property is under the Oakland Rent Board and city jurisdiction. The property is tucked away far enough and has a unit layout that provides prospective owner occupants or tenants a sense of privacy, yet it is a short walk or drive to retail shops, cafes, and restaurants along Claremont Avenue and College Avenue. With Safeway, Trader Joes, Philz Coffee, Southie, Wood Tavern, La Farine Boulangerie Patisserie, among other local favorites, prospective tenants will have numerous local amenities within a mile from the property. 7361 Claremont Avenue is less than a ten-minute drive to UC Berkeley and the Rockridge BART station, making it convenient for either UC Berkeley students or greater Bay Area commuters.